Wednesday, May 11, 2011

Southwestern Energy (SWN) Trades Up as Oil, Gas Rise

Southwestern Energy (NYSE:SWN) traded up Tuesday as crude oil, natural gas and gasoline prices jumped, pushing up the share price of the company.

Benchmark crude for May delivery rose $1.33 to settle at $103.88 a barrel on the New York Mercantile Exchange.

Heating oil jumped 3.94 cents to settle at $3.0012 a gallon. Gasoline futures climbed 10.13 cents to settle at $3.3797 a gallon, while natural gas for June delivery increased 8.7 cents to settle at $4.303 per 1,000 cubic feet.

Southwestern Energy participates in the exploration, development, and production of natural gas and crude oil in the United States.

Southwestern Energy (SWN) closed Tuesday at $43.01, rising $0.40, or 0.94 percent.

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